The global Air Traffic Control (ATC) market size was US$ 8.9 billion in 2021. The global Air Traffic Control (ATC) market is forecast to grow to US$ 14.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
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Air traffic control services are offered by ground-based air traffic controllers in order to ensure the safety of the aircraft, majorly during the take-off and landing operations.
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Influencing the Market
The Air Traffic Control (ATC) market is forecast to experience lucrative growth opportunities due to the rising tourism industry. Furthermore, the rising demand for enhancing passenger safety will also contribute to the growth of the Air Traffic Control (ATC) market during the study period.
Technological advancements and rising demand for the latest systems will also upsurge the demand for Air Traffic Control (ATC) during the study period.
Demand for advanced surface movement ground control systems, performance-based navigation, and advanced integrated automation systems is growing rapidly. Furthermore, the rapid adoption of standard instrument departures in air traffic control systems is expected to accelerate industry growth during the forecast period.
In addition to that, the increasing deployment of satellite-based air traffic control systems is expected to create lucrative opportunities for global market participants during the review period. On the contrary, fluctuating prices of raw material may limit the growth of the Air Traffic Control (ATC) market during the study period.
COVID-19 Impact Analysis
During the COVID-19 pandemic, the construction of new airports across the world stopped abruptly. It is majorly due to the rising cases of Covid-19 patients. Moreover, various countries have halted their international and domestic flights, which has affected the global market throughout the lockdown period. Furthermore, airport passenger traffic declined drastically, which impeded the growth of the global Air Traffic Control (ATC) market during the COVID-19 pandemic.
Regional Analysis
The Asia-Pacific Air Traffic Control (ATC) market is forecast to register a remarkable growth rate, owing to the growing technological advancements are rising population in the region. Furthermore, growing passenger traffic and rising demand for safety measures will also contribute to the growth of the Air Traffic Control (ATC) market during the study period. Furthermore, growing disposable income and favorable government policies to improve infrastructure will drive the Air Traffic Control (ATC) market forward during the study period.
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Competitors in the Market
? Adacel Technologies Limited
? Frequentis Ag
? Indra Sistemas Sa
? Leonardo S.P.A
? Northrop Grumman Corporation
? Raytheon Technologies Corporation
? Saab Ab
? Skysoft-Atm
? Thales Group
? Other Prominent Players
Market Segmentation
The global Air Traffic Control (ATC) market segmentation focuses on Airspace, Application, Component, and Region.
By Airspace
? ARTIC
? TRACTION
? ACT
? RT
By Application
? Communication
? Navigation
? Surveillance
? Automation
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By Component
? Hardware
? Software
? Services
By Regional Outlook
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
How are the key players in the market assessed?
?This report provides a comprehensive analysis of leading competitors in the market.
?The report includes information about the key vendors in the market.
?The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
?The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
?A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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